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    Exam 13: Financial Statement Analysis
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    If Year 1 Equals $700, Year 2 Equals $840, and Year
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If Year 1 Equals $700, Year 2 Equals $840, and Year

Question 242

Question 242

Multiple Choice

If Year 1 equals $700, Year 2 equals $840, and Year 3 equals $630, the percentage to be assigned for Year 1 in a trend analysis, assuming that Year 1 is the base year, is


A) 100%.
B) 90%.
C) 111%.
D) 120%.

Correct Answer:

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